G20 rally short-lived

US president Donald Trump and Chinese general secretary Xi Jinping's agreement to hold a 90 day truce in their trade war was greeted warmly by emerging markets investors eager for good news. But the rally didn’t last long.

By Lewis McLellan

05 Dec 2018

Markets opened strongly on Monday as investors digested the outcome of the G20 meeting. “We had a nice bounce on Monday,” said an emerging markets syndicate banker. “But it subsided quickly. People got carried away. It’s just a temporary measure and there’s no indication they can actually come
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